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Bill Ackman · quarter digest

What Bill Ackman did in Q4 2025

Pershing Square Capital filed 8 moves in Q4 2025: 1 new, 4 add, 2 trim, 1 exit.

13F filed 2026-02-14. Manager quality score: q8. Philosophy: Concentrated bets on high-quality businesses with activist catalysts.

New positions · 1

Fresh money

METAMETA PLATFORMS INC
NEW·11.4% book·−2
Adds · 4

Adding to conviction

AMZNAMAZON COM INC
ADD +65%·14.3% book·−6
ADD +10%·10.4% book·+14

“Building Brookfield position.”

ADD +20%·6.4% book·−2

“Doubling down on the Nike turnaround thesis.”

ADD +35%·3.1% book·+15

“Heavy add on the autonomous vehicle optionality.”

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Trims · 2

Taking chips off

TRIM -4%·12.7% book·−9

“Small trim on Howard Hughes.”

GOOGLALPHABET INC
TRIM -86%·1.4% book·−27
Exits · 1

Closed positions

CMGCHIPOTLE MEXICAN GRILL INC
EXIT·0.0% book·−4
Current top holdings

Bill Ackman’s book, latest snapshot

#TickerWeight
1CMG
Chipotle Mexican Grill
21.4%
2QSR
Restaurant Brands International
14.8%
3HHH
Howard Hughes Holdings
13.2%
4GOOG
Alphabet Class C
11.7%
5BN
Brookfield Corp
9.5%
6HLT
Hilton Worldwide
9.1%
7CP
Canadian Pacific Kansas City
6.8%
8NKE
Nike
5.3%
Other quarters for Bill Ackman

Not investment advice. Data from 13F filings with HoldLens parsing. Methodology.

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